What is Mercantile Bk Corp's earnings per share (EPS)?

Mercantile Bk Corp (MBWM) reported diluted earnings per share of $5.47 for fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mercantile Bk Corp Financials

MBWM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Mercantile Bk Corp (MBWM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Mercantile Bk Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.20x

For every $1 of reported earnings, Mercantile Bk Corp generates $0.20 in operating cash flow ($18.0M OCF vs $88.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$330.2M

YoY+2.7%

5Y CAGR+17.4%

10Y CAGR+11.4%

Mercantile Bk Corp generated $330.2M in revenue in fiscal year 2025. This represents an increase of 2.7% from the prior year.

EBITDA

N/A

Net Income

$88.8M

YoY+11.5%

5Y CAGR+15.0%

10Y CAGR+12.6%

Mercantile Bk Corp reported $88.8M in net income in fiscal year 2025. This represents an increase of 11.5% from the prior year.

EPS (Diluted)

$5.47

YoY+11.0%

5Y CAGR+15.1%

10Y CAGR+12.9%

Mercantile Bk Corp earned $5.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

$1.50

YoY+7.1%

5Y CAGR+6.0%

Mercantile Bk Corp paid $1.50 per share in dividends in fiscal year 2025. This represents an increase of 7.1% from the prior year.

Shares Outstanding

17M

YoY+6.4%

5Y CAGR+1.0%

10Y CAGR+0.5%

Mercantile Bk Corp had 17M shares outstanding in fiscal year 2025. This represents an increase of 6.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

26.9%

YoY+2.1pp

5Y CAGR-2.9pp

10Y CAGR+2.8pp

Mercantile Bk Corp's net profit margin was 26.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

12.2%

YoY-1.4pp

5Y CAGR+2.2pp

10Y CAGR+4.1pp

Mercantile Bk Corp's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MBWM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$330.2M+2.7%	$321.5M+18.5%	$271.4M+49.2%	$181.8M+26.7%	$143.5M-3.2%	$148.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$129.2M-1.0%	$130.4M+67.6%	$77.8M+229.8%	$23.6M+21.4%	$19.4M-25.5%	$26.1M
Income Tax	$14.7M-21.1%	$18.7M-8.7%	$20.5M+39.1%	$14.7M+0.2%	$14.7M+37.2%	$10.7M
Net Income	$88.8M+11.5%	$79.6M-3.2%	$82.2M+34.6%	$61.1M+3.5%	$59.0M+33.7%	$44.1M
EPS (Diluted)	$5.47+11.0%	$4.93-3.9%	$5.13+33.2%	$3.85+4.3%	$3.69+36.2%	$2.71

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$82.3M-4.0%	$85.6M+4.5%	$82.0M+2.0%	$80.3M-2.6%	$82.5M-1.1%	$83.4M+5.7%	$78.9M+2.8%	$76.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$31.2M-7.1%	$33.6M+3.6%	$32.5M+2.2%	$31.8M-6.8%	$34.1M-2.8%	$35.1M+10.4%	$31.8M+8.3%	$29.4M
Income Tax	$3.2M-13.0%	$3.7M+10.1%	$3.3M-25.8%	$4.5M+25.2%	$3.6M-27.1%	$4.9M+4.4%	$4.7M-12.8%	$5.4M
Net Income	$22.8M-3.9%	$23.8M+5.0%	$22.6M+15.8%	$19.5M-0.5%	$19.6M0.0%	$19.6M+4.4%	$18.8M-12.9%	$21.6M
EPS (Diluted)	N/A	$1.46+5.0%	$1.39+14.9%	$1.21	N/A	$1.22+4.3%	$1.17-12.7%	$1.34

MBWM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.8B+12.9%	$6.1B+13.1%	$5.4B+9.9%	$4.9B-7.3%	$5.3B+18.5%	$4.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$72.7M+46.9%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M
Total Liabilities	$6.1B+11.8%	$5.5B+13.2%	$4.8B+9.0%	$4.4B-7.7%	$4.8B+20.2%	$4.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$724.9M+24.0%	$584.5M+11.9%	$522.1M+18.3%	$441.4M-3.3%	$456.6M+3.4%	$441.6M
Retained Earnings	$399.4M+19.4%	$334.6M+20.6%	$277.5M+28.3%	$216.3M+23.9%	$174.5M+30.2%	$134.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$6.8B+8.3%	$6.3B+2.1%	$6.2B+0.6%	$6.1B+1.5%	$6.1B+2.3%	$5.9B+5.6%	$5.6B+2.5%	$5.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$72.7M+46.9%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M0.0%	$49.5M
Total Liabilities	$6.1B+8.1%	$5.7B+1.8%	$5.5B+0.3%	$5.5B+1.2%	$5.5B+2.5%	$5.3B+5.6%	$5.1B+2.5%	$4.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$724.9M+10.2%	$657.6M+4.1%	$631.5M+3.8%	$608.3M+4.1%	$584.5M+0.2%	$583.3M+5.8%	$551.2M+2.7%	$536.6M
Retained Earnings	$399.4M+4.4%	$382.7M+4.8%	$365.0M+4.8%	$348.3M+4.1%	$334.6M+4.3%	$320.7M+4.5%	$306.8M+4.5%	$293.6M

MBWM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$18.0M-82.2%	$101.1M+51.8%	$66.6M-44.4%	$119.9M+85.6%	$64.6M+70.5%	$37.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$105.7M+75.2%	-$425.4M-7.5%	-$395.9M+28.7%	-$555.0M-12.0%	-$495.5M-24.2%	-$398.8M
Financing Cash Flow	$168.0M-71.4%	$586.8M+61.6%	$363.1M+181.9%	-$443.3M-156.8%	$780.1M+3.6%	$753.2M
Dividends Paid	$24.0M+6.6%	$22.5M+7.0%	$21.0M+7.2%	$19.6M+5.8%	$18.5M+3.3%	$17.9M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$21.4M+224.4%	$6.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$5.6M-75.6%	$23.1M+396.0%	-$7.8M-162.3%	-$3.0M-105.0%	$59.9M+840.0%	-$8.1M-188.8%	$9.1M-77.4%	$40.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$8.0M-87.5%	$63.6M+166.8%	-$95.3M-16.1%	-$82.0M+20.3%	-$103.0M+33.1%	-$153.9M+1.0%	-$155.4M-1080.3%	-$13.2M
Financing Cash Flow	-$17.3M-118.4%	$94.2M+588.8%	$13.7M-82.3%	$77.5M-28.0%	$107.6M-63.3%	$292.9M+174.4%	$106.7M+34.0%	$79.6M
Dividends Paid	$6.1M0.0%	$6.1M+2.7%	$5.9M+0.1%	$5.9M+3.5%	$5.7M0.0%	$5.7M+3.0%	$5.5M0.0%	$5.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MBWM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.9%+2.1pp	24.8%-5.5pp	30.3%-3.3pp	33.6%-7.6pp	41.1%+11.4pp	29.8%
Return on Equity	12.2%-1.4pp	13.6%-2.1pp	15.8%+1.9pp	13.8%+0.9pp	12.9%+2.9pp	10.0%
Return on Assets	1.3%-0.0pp	1.3%-0.2pp	1.5%+0.3pp	1.3%+0.1pp	1.1%+0.1pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.43-0.9	9.35+0.1	9.25-0.8	10.04-0.5	10.52+1.5	9.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	27.8%+0.0pp	27.7%+0.1pp	27.6%+3.3pp	24.3%+0.5pp	23.8%+0.3pp	23.5%-0.3pp	23.8%-4.3pp	28.1%
Return on Equity	3.1%-0.5pp	3.6%+0.0pp	3.6%+0.4pp	3.2%-0.2pp	3.4%0.0pp	3.4%-0.1pp	3.4%-0.6pp	4.0%
Return on Assets	0.3%-0.1pp	0.4%0.0pp	0.4%+0.1pp	0.3%0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%-0.1pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.43-0.2	8.59-0.2	8.79-0.3	9.09-0.3	9.35+0.2	9.14-0.0	9.16-0.0	9.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Hbt Financial, Inc. HBT

$995.9M

NB Bancorp NBBK

$986.0M

Equity Bancshare EQBK

$943.2M

Metrocity Bankshares Inc MCBS

$860.4M

Central Pacific CPF

$863.7M

Frequently Asked Questions

What is Mercantile Bk Corp's annual revenue?

Mercantile Bk Corp (MBWM) reported $330.2M in total revenue for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mercantile Bk Corp's revenue growing?

Mercantile Bk Corp (MBWM) revenue grew by 2.7% year-over-year, from $321.5M to $330.2M in fiscal year 2025.

Is Mercantile Bk Corp profitable?

Yes, Mercantile Bk Corp (MBWM) reported a net income of $88.8M in fiscal year 2025, with a net profit margin of 26.9%.

What is Mercantile Bk Corp's net profit margin?

Mercantile Bk Corp (MBWM) had a net profit margin of 26.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Mercantile Bk Corp pay dividends?

Yes, Mercantile Bk Corp (MBWM) paid $1.50 per share in dividends during fiscal year 2025.

What is Mercantile Bk Corp's return on equity (ROE)?

Mercantile Bk Corp (MBWM) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mercantile Bk Corp's operating cash flow?

Mercantile Bk Corp (MBWM) generated $18.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mercantile Bk Corp's total assets?

Mercantile Bk Corp (MBWM) had $6.8B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Mercantile Bk Corp have outstanding?

Mercantile Bk Corp (MBWM) had 17M shares outstanding as of fiscal year 2025.

What is Mercantile Bk Corp's debt-to-equity ratio?

Mercantile Bk Corp (MBWM) had a debt-to-equity ratio of 8.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mercantile Bk Corp's return on assets (ROA)?

Mercantile Bk Corp (MBWM) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mercantile Bk Corp's Piotroski F-Score?

Mercantile Bk Corp (MBWM) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mercantile Bk Corp's earnings high quality?

Mercantile Bk Corp (MBWM) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.